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Author Topic: How many of the altcoins projects are empty shells?  (Read 235 times)
iged_war
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August 10, 2021, 11:31:22 PM
 #21


So what percentage do you think is actually real and based on serious projects?

I say 2%

as ever vitalik said , only around 2-5% altcoin that could survive in cryptocurrency market , most of devopers team have no qualification to build real blockchain technology. Today i see most project only tokenized common thing , and not specifically resolve the existing problem in market.


I will be taking or counting some low cap tier coins that are having small market cap to be counted in the list. This is not accurate but at least we are seeing it that there was a low-good coin in this tier. that's why i were counting from there.

just a warn , small market cap not always be good investment portofolio. it just playing number project which is set to attract investors that see it as opportunity when there are possibility to growth. once again we have to see about the quality.

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24Kt
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August 10, 2021, 11:35:21 PM
 #22


So what percentage do you think is actually real and based on serious projects?

I say 2%

as ever vitalik said , only around 2-5% altcoin that could survive in cryptocurrency market , most of devopers team have no qualification to build real blockchain technology. Today i see most project only tokenized common thing , and not specifically resolve the existing problem in market.

Because most of them are just after for the money that they will get. Not many projects can sustain their developments like ETH platform. Very few has the intentions to make and create a difference in this market. Once they encounter problem, some easily lose the motivation to move forward, mainly if they have no revolving funds. So yes, with thousands of alts in existence, only few percentage are really worth looking at.
hextrior (OP)
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August 11, 2021, 03:40:03 AM
 #23

So what percentage do you think is actually real and based on serious projects?

I say 2%
They are making based on their intention. The smartcontract will be able deployed anyone easily as long as this guy can did a smartcontract to execute it on EVM to issue its token.
I do agree with what you are saying above but it might be less or a bit more consider there are lots of coins that already developed product but it's not gained the hype.

I could be around 3%

True!.
hextrior (OP)
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August 11, 2021, 03:51:48 AM
 #24

OP, I think you are short sighted. Yes there are a lot of scam projects be even in the top 100 you can find scams. You have to do your research. Most trading volume on exchanges is fake so theoretically any crypto can be in the top 100 if they pay exchanges for market making. What you need to be doing if you want to make money in crypto is to find projects that haven't increased in value yet and invest in those, like CVP, 0xMR, WasabiX...

I think you just have to look at all altcoins as scams just earn BTC by trading them. It makes more sense that way than investing in altcoins obviously the team isn't serious about developing. I can't even think why they would name some projects like Aquadoge but I guess the success of ShinaInu had encouraged these developers to try it as well.  The top 100 I believe is less possible to be a scam but its still not final to say.

Fucking Shit coins...Smiley
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August 11, 2021, 04:25:10 AM
 #25

yes, there are lots of altcoins if you find a real project then you can benefit later if you choose the right project and it will be surprising because the price is sure to increase many times automatically also the project will last a long time and have the strength for their vision to be better in the future usually real projects have quality and hard work to keep their projects going.

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Robinson66
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August 11, 2021, 07:18:32 AM
 #26

Now the memecoin, the number of empty shells is countless. We can only be careful, don't be deceived.
Because now everyone looks at the development of Bitcoin, many of the development of Mountain Coin, want to divide a piece of cake.
Everyone can release coins, there are many scammers to enter.
Because of the epidemic, many people choose to enter the encrypted currency to make money. Mode coins also have a lot of hype. Many projects are a team packaging, and there is no experience.
Be sure to understand the project team before investing, check if there is experience.It is recommended that novices do not invest MeMecoin, which is very risky.
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